19 April 2014

Here's why your student loans are about to get more expensive

Updated by Libby Nelson on April 15, 2014, 8:30 a.m. ET

Bad news for college students: new federal student loans are getting more expensive.

The Congressional Budget Office estimated Monday that undergraduate student loans issued this fall will have an interest rate of 5.04 percent, up from 3.86 percent for 2013-14.

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